Some of you have been asking, so here's my Squidoo site for Forex education:
http://www.squidoo.com/forexjourney
Enjoy,
Todd
Friday, June 29, 2007
Wednesday, June 27, 2007
Trade Review 28 June 2007
Short Gbp/Jpy @ 247.32
Stop Loss: 246.84
Target: 242.79 (28 June 2007)
Note: Huge correction happen. This maybe the final run.
Short Eur/Jpy @ 166.55
Stop Loss: 165.93
Target: 163.56 (29 June 2007)
Note: Huge correction happen. This maybe the final run.
Short Eur/Usd @ 1.3464
Stop Loss: 1.3466
Target: 1.3131 (13 July 2007)
Potential Trade:
Eur/Chf last correction broke the trend. Look for long entry on the next low. Possible entry @ 1.6501
Stop Loss: 246.84
Target: 242.79 (28 June 2007)
Note: Huge correction happen. This maybe the final run.
Short Eur/Jpy @ 166.55
Stop Loss: 165.93
Target: 163.56 (29 June 2007)
Note: Huge correction happen. This maybe the final run.
Short Eur/Usd @ 1.3464
Stop Loss: 1.3466
Target: 1.3131 (13 July 2007)
Potential Trade:
Eur/Chf last correction broke the trend. Look for long entry on the next low. Possible entry @ 1.6501
Forex Education Mastering The Forex Market
Forex Education is always king. That being said, I thought this was pretty interesting...
Investing in the forex, currency market even with small capital is very risky advanture. Before taking on the forex trading market, it's important to be armed with a good understanding of the market itself. This is what makes a good free forex education resource, invaluable to both new and veteran forex traders.
The forex, or Foreign Exchange, market is the largest financial exchange market in the world. Every day, more than 1.8 trillion dollars are traded on the forex market. In the past, it was often difficult for smaller traders to take part in this huge money market, due to a lack of contacts and resources. But that situation has changed. More and more, individuals and smaller banks and companies have the opportunity to invest in the forex market, particularly via the internet, making currency trading an exciting and lucrative enterprise for individual traders as much as for the banking industry. However, it's important to keep in mind that currency trading of even small amounts and modest investments can be risky.
Before taking on the forex trading market, it's important to be armed with a good understanding of the market itself, along with an overview of current market trends and risks. This is what makes a good free forex education resource, like free-forex-education dot com, invaluable to both new and veteran forex traders.
At free-forex-education website, established forex traders as well as those with a burgeoning interest in currency trading can learn everything there is to know about the market. Learn what world currencies are making the most money. Know what the risks are, and when and how to make the most money on a trade. Acquire all the knowledge you need in order to make anywhere from a dollar to a million on this highly liquid market, without leaving the comfort of your computer.
Along with using resources available at free forex education sites like Free-forex-education dot com, it's important to as much research as possible before doing any major forex trading. For a free forex ebook and various information on forex trading please visit. This amazing free resource will provide you with all the information you need to get started trading today.
About Author:Joe Karakas is the owner of the forex online resource found at http://www.free-forex-education.com . Our site help with informations and resources to learn to trade forex online. Check out the website for free forex education more details. Please note that our site is just for information purposes and not an advice whatsoever!Article
Source: http://www.BharatBhasha.comArticle Url: http://www.bharatbhasha.com/finance-and-business.php/62780
Remember the free stuff is a good start, but a Forex Coach will accelerate the process.
Happy Trading!!
Tuesday, June 26, 2007
Trade Review 27 June 2007
Short Gbp/Jpy @ 247.32
Stop Loss: On your Own
Target: 242.79 (28 June 2007)
Short Eur/Jpy @ 166.55
Stop Loss: On Your Own
Target: 163.56 (29 June 2007)
Short Usd/Jpy @ 123.57 (Screw up entry)
Stop Loss: On your Own
Target: 122.44 (27 June 2007, 5am)
Closed @ 122.84
Reason: Did not hit target on time.
Update: UJ reached the target but 9 hours late. Position already closed earlier.
Short Eur/Usd @ 1.3464
Stop Loss: 1.3480
Target: 1.3131 (13 July 2007)
Still working on time calculation. Hope everything hits on time. Btw this is not a trade signal. These are my actual trade.
Stop Loss: On your Own
Target: 242.79 (28 June 2007)
Short Eur/Jpy @ 166.55
Stop Loss: On Your Own
Target: 163.56 (29 June 2007)
Short Usd/Jpy @ 123.57 (Screw up entry)
Stop Loss: On your Own
Target: 122.44 (27 June 2007, 5am)
Closed @ 122.84
Reason: Did not hit target on time.
Update: UJ reached the target but 9 hours late. Position already closed earlier.
Short Eur/Usd @ 1.3464
Stop Loss: 1.3480
Target: 1.3131 (13 July 2007)
Still working on time calculation. Hope everything hits on time. Btw this is not a trade signal. These are my actual trade.
Monday, June 25, 2007
Trade Review 26 June 2007
Current position:
Short Gbp/Jpy @ 247.32
Stop Loss: On your Own
Target: 242.79 (28 June 2007, 1pm)
Short Eur/Jpy @ 166.55
Stop Loss: On Your Own
Target: 163.56 (29 June 2007, 9am)
Short Usd/Jpy @ 123.57 (Screw up entry)
Stop Loss: On your Own
Target: 122.44 (27 June 2007, 5am)
Short Eur/Usd @ 1.3464 (High Risk = Tight Stop Loss)
Stop Loss: 1.3480
Target: None (Trailing Stop Loss)
Experimental target price and date. time based on gmt+8
For EU short. Forecast target is 1.3130 on the 10th July 2007. Hope it hits
Short Gbp/Jpy @ 247.32
Stop Loss: On your Own
Target: 242.79 (28 June 2007, 1pm)
Short Eur/Jpy @ 166.55
Stop Loss: On Your Own
Target: 163.56 (29 June 2007, 9am)
Short Usd/Jpy @ 123.57 (Screw up entry)
Stop Loss: On your Own
Target: 122.44 (27 June 2007, 5am)
Short Eur/Usd @ 1.3464 (High Risk = Tight Stop Loss)
Stop Loss: 1.3480
Target: None (Trailing Stop Loss)
Experimental target price and date. time based on gmt+8
For EU short. Forecast target is 1.3130 on the 10th July 2007. Hope it hits
Sunday, June 24, 2007
Trade Review 25 Jun 2007
Short EJ @ 166.15 or better
Entry at 166.00
Status : Closed +40
Reenter short @ 166.00
Status : Closed +50
Note : EJ Uptrend was never broken and i missed the long entry. :)
Short EU @ 1.3431
Status : Closed +49
Reenter Short @ 1.3388
Status : Open +4
Note: Closed -20 and enter long. Now holding EU long + 37
Possible Trade:
Eur/Gbp is looking good for a long entry @ 0.6720 or better
Still good for long.
Aud/Usd is looking good for a short entry @ 0.8470 or better
Note: Never enter the short. Still Uptrend.
New Position:
Long Usd/Jpy @ 123.86 (H1)
SL: 123.63
Target: 124.14
Entry at 166.00
Status : Closed +40
Reenter short @ 166.00
Status : Closed +50
Note : EJ Uptrend was never broken and i missed the long entry. :)
Short EU @ 1.3431
Status : Closed +49
Reenter Short @ 1.3388
Status : Open +4
Note: Closed -20 and enter long. Now holding EU long + 37
Possible Trade:
Eur/Gbp is looking good for a long entry @ 0.6720 or better
Still good for long.
Aud/Usd is looking good for a short entry @ 0.8470 or better
Note: Never enter the short. Still Uptrend.
New Position:
Long Usd/Jpy @ 123.86 (H1)
SL: 123.63
Target: 124.14
Thursday, June 21, 2007
Trade Review 22 Jun 2007
Short EJ @ 166.15 or better
Entry at 166.00
Status : Closed +40
Reenter short @ 166.00
Status : Closed +50
Note : Waiting for uptrend break to enter short. Else enter long. At the moment possible trend break is at 165.57
Short EU @ 1.3431
Status : Closed +49
Reenter Short @ 1.3388
Status : Open +4
Note: Not looking very good. Hold position with tight stop loss
Possible Trade:
Eur/Gbp is looking good for a long entry @ 0.6720 or better
Aud/Usd is looking good for a short entry @ 0.8470 or better
Gbp at the moment is too strong to short, even when the opportunity is there think twice.
Entry at 166.00
Status : Closed +40
Reenter short @ 166.00
Status : Closed +50
Note : Waiting for uptrend break to enter short. Else enter long. At the moment possible trend break is at 165.57
Short EU @ 1.3431
Status : Closed +49
Reenter Short @ 1.3388
Status : Open +4
Note: Not looking very good. Hold position with tight stop loss
Possible Trade:
Eur/Gbp is looking good for a long entry @ 0.6720 or better
Aud/Usd is looking good for a short entry @ 0.8470 or better
Gbp at the moment is too strong to short, even when the opportunity is there think twice.
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